View this 2-minute video to learn more about ICS.
How ICS® Works
If you have deposits at a single bank in a single-ownership capacity, then you can access up to $250,000 in FDIC insurance at that bank.
But with ICS®, or the Insured Cash Sweep® product, you can access multi-million-dollar FDIC protection by working directly with just one bank that offers IntraFi Network Deposits.
Financial institutions that offer ICS are members of a unique network. Everything is handled through a network member of your choice. When you place a large deposit with a network member, that institution uses ICS to place your funds into demand deposit accounts, money market deposit accounts, or both, at other FDIC-insured member institutions.
The placement of your funds occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can access insurance coverage from many. And, you receive just one regular, monthly account statement.
Read customer experiences in the Case Studies and Testimonials sections.